In an unexpected twist, Arthur Hayes, the founder of BitMex, has taken to social media to unveil a daring forecast concerning the future price of Ethereum (ETH).
Renowned for his insightful market analyses, Hayes confessed to experiencing a divine revelation during meditation, prompting substantial adjustments to his cryptocurrency portfolio. In a cryptic post, Hayes humorously attributed this guidance to Satoshi Nakamoto, the enigmatic creator of Bitcoin, claiming to have received celestial advice urging him to divest from Solana and express admiration for Ethereum’s co-founder, Vitalik Buterin.
Following this otherworldly counsel, Hayes purportedly liquidated his Solana holdings and bolstered his commitment to Ethereum, anticipating a surge that could propel the cryptocurrency to an impressive $5,000. This proclamation comes on the heels of Hayes’ earlier accurate prediction of Solana’s price reaching $100, a forecast that materialized with SOL recently peaking at $99.6.
Strategic Pivot
Hayes’ strategic shift from Solana to Ethereum appears rooted in his assessment of market dynamics. Despite Solana’s remarkable 350% surge since mid-December, Hayes seems to believe that Ethereum holds greater potential for future growth.
A comparative analysis of the two cryptocurrencies reveals that, while Solana has outperformed in recent weeks, exhibiting a staggering surge, Ethereum’s short-term performance appears lackluster, registering nearly 10 times less growth than Solana during the same period. Despite trading at yearly highs, the percentage increase in ETH‘s value is overshadowed by the meteoric rise of SOL.
